Topic: The Relationship between social media and Bitcoin - page 3. (Read 823 times)

Bitcoin did not spread because of social media, but rather because it provided a solution to an economic problem, whose features began to appear in the year 2008 accompanying the mortgage crisis, urging that Satoshi did not pay much to promote this technology, unlike what is happening now, for example, TikTok paid more than a billion dollars in one year To promote and advertise, something that has not happened in the history of Bitcoin.
If your service is good and solves a problem, it will be lucky to spread for free.

Yeah I think social media is great tool for marketing and promoting oneself or brand. But a lot of people see social media as a place to post nice things and luxurious lifestyle, they neglect to monetize their online presence and activity. Social media has definitely helped bitcoin adoption in its own way, even if the news about bitcoin hasn’t always been positive, and the intent may have been to paint bitcoin in a bad light, bitcoin has become a household name, like they say “any publicity is good publicity”.

That's very normal, I mean, not just social media, but everything has a good side and a bad side. All are just tools to serve us, and using them for good or bad depends on each person's behavior. Like bitcoin, it is really good to use as a currency or invest in it to bring wealth to many people. But besides that, many criminals also abuse bitcoin to evade the government and cause a bad reputation for bitcoin. After all, it's all about human behavior, not bitcoin or social media's fault.

Wouldn't deny that there is a relation between social media and bitcoin. Let's be honest here, most people now received most of the information from browsing social media. Yeah, it can be a good source for gathering information, but sadly there are also information that people shouldn't buy easily. Most news there isn't "regulated" (unless it is political or someone "bought" them off with money or power), so you won't know if someone is spreading false information or not. And you know what, the social media posts likes to click bait people and attract users attention. And sadly, crypto currencies get more attention when there is something negative about it since the naysays love to say "told you so, its a scam" and it never affects the market in the long run. So yeah, there is a good and bad relation between social media and bitcoin. If someone famous tweets about a coin, very likely the price will go up or down.

Can't be separated the relationship between the media and Bitcoin, learned last three season when ICO project of cryptocurrency success sold out on public sell how enthusiastic promote on social media and make investor interested for investing there. Exactly has two impact and relationship between social media and bitcoin, when bad news publishing by media without few minutes price of bitcoin going drop. But instead when media publishing with positive news about bitcoin without few second bitcoin can reach up suddenly and looks fantastic the power of social media impact for bitcoin and cryptocurrency.

Hope one day later social media has good relationship with bitcoin and consistent publishing positive side and as soon possibilities hide with bad side from bitcoin.

It is harmful, not helpful.

If you don use social media and read cryptocurrency news too much, you will not be panic and sale off your coin. Market sentimemt is contributed a lot by uncertain emotion and chaotic decisions of many people. They are uncertain and fearful because they read too much articles, tweets on social media.

When they turn off Internet, log out their social media accounts, they will feel better and they must watch the chart less often too.

Elon Musk is not to blaim for his power. We are. All the ones following him are empowering him. He's just another retard regarding his crypto delusions. A guy that one day supports Bitcoin and accepts Bitcoin for purchasing his products and in the next day supports Doge or whatever he did, is just possible in a retarded person.
I unfollowed him since those times! If millions of people do the same, his power over Bitcoin will be zero, nil...

Social media affects our lives in massive ways,in how we connect with our friends,the news we get,the interest we all share and possibly to actually kill time.so it's not surprising that the things people share on social media can affect the way things happen in the real world.
However,social media impacts has reached greater heights by the massive and increasing influence that it  has on digital currencies like bitcoin.
 The relationship between social media and bitcoin is expanding in exciting ways in terms of adoption,position,price/value and even the popularity.it is used to convey information about the crypto world,as well as to promote the content about cryptocurrency.What people are saying on social media can trigger or encourage someone to participate by wanting to trade,mine, or invest in bitcoin.
It started from the forums that discussed cryptocurrency’s humble beginnings. Now, it makes headlines on our favorite social media apps. With popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) reaching all-time highs on a regular basis, it isn’t at all hard to believe that these digital currencies are trending. Trends on social platforms can influence investor behavior, leading to price rises or perhaps drops. For example,an announcement from Elon Musk that Tesla had bought $1.5 billion of bitcoin and that they would be accepting bitcoin for purchases caused the price of the currency to hit an all-time high.
  Social media has the potential to affect bitcoin positively, but it can also have negative consequences, causing both large rises and falls in price.Perhaps,it is the first place people go to when they want the latest news on bitcoin;you see them in places like Twitter,Reddit and Youtube.They want to know what people are talking about and what the next big thing is.
Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.

To be fair, there are still locals around my area that uses social media to do some crypto transaction since not everyone here knows that this forum exists anyway. Considering that you can create so many accounts in social media sites like Facebook with fair interval without getting questioned, it's far more prone to scammers recurring over and over again.

Here in the forum, you cannot just make a new account and expect to victimize or scam people that easily considering that there are ranks and reputation system in here although I know that there were still reputated members in here that just went dark to leave other users to dust. You can't just really trust anyone online.

Social media are full of scammers, even in a legit cryptocurrency group, scammers can't be avoided especially if your post obviously says you're a newbie that need a guide in cryptocurrency, trust me, your DM will be flooded by fake accounts who are offering you "help". Lot of people in social media always fall to ponzi schemes, or pyramiding investment, in short, those too good to be true kind of investment.

So in my opinion, social media is not the right place for someone to look for cryptocurrency tutorial, unless you know someone who'll guide you through it, and don't forget to be always cautious.

Despite that most of us here discover bitcointalk through the social media or websites and google search of any related keyword that goes along bitcoin, this is a digital currency that has to do with diverse opportunities and people like the fact it's informative and educative, with the use of this same social media we can have the bad and good experience out of it depending on how we were able to utilize it for our own good and benefit, and our children should rather be exposed to this as well when we feels it's more secure for their age.

Social media is full of scammers for which we all know. Before the advent of social media, scammers do exist and dey do that face to face with their victims years before now not to talk of now when is some worth manipulative by them to get what they want without meeting with their victims face to face. Before one does anything financially related online one needs to be very sure and must have done his/ her own research before engaging so as not to cry foul in the entire end of it.
This makes social media two sided known for the good and the bad with advise of being careful on how you deal with strangers online.

Actually, scammers were active even before social media was founded. Their objective is to identify a possible victim, particularly one who lacks knowledge. Because they can engage with others online, it will make easier for them to find a victim. But I completely disagree that social media is bad because it contributed to the success of Bitcoin. The social media in Bitcoin has both pros and cons, depending on how we look at it.